Talent Kondo
Bindura University of Science Education, Bindura, Zimbabwe

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Impact of Fiscal Indiscipline on External Debt in Sub Saharan Africa Talent Kondo; Victoria Masere; Pretty Moyo
Journal of Governance and Accountability Studies Vol. 6 No. 2 (2026): July
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jgas.v6i2.2813

Abstract

Purpose: This study examines the impact of fiscal indiscipline on external debt in SSA. Methodology: A panel analysis using a Random Effect Model with data spanning September 2009 to December 2020 was employed. Results: The Results from the Random Effects Model (REM) indicate that the primary fiscal balance has a negative impact on external debt. This implies that a primary fiscal deficit raises external debt, whereas a primary fiscal surplus reduces external debt. Conclusions: In estimating the impact of fiscal indiscipline on external debt, this study observed that primary fiscal balances significantly and negatively affect external debt; that is, the lower the primary fiscal balance to a deficit, the larger the external debt accumulated. The study concludes that fiscal indiscipline affects external debt in SSA. Limitations: The study's scope was limited to periods with available data, acknowledging the potential impact of data quality on these findings. Contributions: This study guides policymakers and governments of SSA countries by providing possible ways to maintain a balance between government revenues and expenditures. Novelty: This study offers actionable recommendations for policymakers in Sub-Saharan Africa, emphasizing the need for balanced government revenues and expenditures to promote economic stability. Focusing on sub-Saharan Africa addresses a significant gap in the literature and sets the foundation for future research on effective economic strategies in developing countries. Overall, the findings of this study are essential for enhancing fiscal policies and promoting economic resilience in the region.
Investigating the causal nexus between remittances and economic growth in Zimbabwean Knowledge Jonasi; Tendai Towo; Ezekiel Chitombo; Talent Kondo; Phillip Dangaiso; Elizabeth Vakai
Annals of Management and Organization Research Vol. 7 No. 1 (2025): August
Publisher : goodwood publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/amor.v7i1.2430

Abstract

Purpose: This study aims to examine the nexus between remittances and economic growth in Zimbabwe. Methods: The research employed the Granger Causality test using annual time series data from 1980 to 2022. Preliminary diagnostic tests including stationarity, cointegration, and error correction modeling were conducted to ensure methodological rigor. Results: Findings reveal that remittances are not significantly influenced by GDP, as shown by a P-value of 0.5158. Conversely, remittances significantly drive Zimbabwe’s economic growth with a P-value of 0.0429. This highlights remittances as a vital income source that fuels household consumption, investment, and financial inclusion. The unidirectional causality emphasizes their role as a stable economic pillar independent of GDP fluctuations. Conclusion: The study demonstrates that remittances Granger-cause economic growth in Zimbabwe, but GDP does not Granger-cause remittances. This underlines the critical role of remittance inflows in sustaining consumption, supporting human capital investment, and strengthening financial development in the context of economic instability and high emigration. Limitation: The research faced challenges in accessing complete and reliable data, requiring innovative strategies to address missing values and restricting analysis to annual data. Contribution: The results provide context-specific evidence useful for scholars and policymakers in designing strategies to better channel remittances into productive investments. The study contributes by clarifying the causal mechanism between remittances and growth in Zimbabwe and offering insights for policy initiatives aimed at economic recovery and sustainable development.
The nexus between agricultural exports and food security in Zimbabwe Talent Kondo; Zachary Tambudzai
Annals of Management and Organization Research Vol. 7 No. 1 (2025): August
Publisher : goodwood publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/amor.v7i1.2630

Abstract

Purpose: This study aimed to evaluate the relationship between agricultural exports and food security in Zimbabwe from 1990 to 2023. Research Methodology: A time-series analysis was conducted using the Ordinary Least Squares (OLS) method and autoregressive distributed lag (ARDL) bounds testing approach to examine both short-run and long-run dynamics. Diagnostic tests, such as ADF, multicollinearity, heteroskedasticity, and serial correlation, were performed to ensure robustness.   Results: The findings revealed that agricultural exports had a positive and statistically significant effect on food security. A 1% increase in agricultural exports leads to a 0.007% increase in food security. Other variables, such as rainfall, capital expenditure, and consumption expenditure, positively influenced food security, whereas rural and urban population growth negatively impacted it. Conclusions: Agricultural exports play a critical role in enhancing food security in Zimbabwe by generating foreign currency and promoting investment in the agricultural sector. However, demographic pressures and climate-related risks remain significant challenges. Limitations: The study is limited by data availability, as annual data may overlook short-term changes. Additionally, some potentially influential variables were excluded because of data constraints. Contribution: This study contributes empirical evidence to policy debates on balancing export-oriented agriculture with domestic food needs. It offers actionable insights for government ministries and institutions involved in agricultural planning, advocating greater support for capital investment, infrastructure, and farmer education to ensure sustainable food security outcomes.